Department of Energy OKs $465 million loan to Tesla Motors

Tesla Motors Chairman and CEO Elon Musk and chief designer Franz von Holzhausen drive the new Tesla Model S all-electric sedan as members of the media look on, at the car's unveiling in Hawthorne in March. Full Story
Robert J G Jackson Sr

Huntington Beach, CA

#1 Jan 23, 2010
$6 billion to Ford, half a billion to Tesla to develop zero emission cars. What are we doing? That is all money we do not possess. The Tesla sedan will sell for $50,000 AFTER tax incentives? Swell. Wealthy people will be able to afford one. The vast majority of us, those who have paid for the development of the car through our government, will not. This is one more elitist fantasy for which the common people are being required to pick up the check.
Our Poor Children

Long Beach, CA

#2 Jan 23, 2010
Our Poor Children and GrandChildren! The common people (alive today) will not be paying this debt...

In $4 trillion of waste, this is definitely glaring.

Mommy, why did that evil parasite Obama waste our money? Why do we have to work and pay taxes so we can pay the interest on this enormous debt?

Sweetheart, he made many promises but he only keeps the ones to unions and environmentalist socialists. I thought he was going to keep his promises to the common people. Senator BoxerFeinstein helped him.

Mommy, does this explain why no one in the administration pays their taxes? They just expect us to pay ours...
Big Crispy

Random Lake, WI

#3 Jan 23, 2010
Get over it. The investment from government is necessary to support the capital costs associated with entering this type of business. If Tesla executes to their plan, then the US will once again lead in this new electric automotive business. This is good for all US citizens in the long run.
Robert J G Jackson Sr wrote:
$6 billion to Ford, half a billion to Tesla to develop zero emission cars. What are we doing? That is all money we do not possess. The Tesla sedan will sell for $50,000 AFTER tax incentives? Swell. Wealthy people will be able to afford one. The vast majority of us, those who have paid for the development of the car through our government, will not. This is one more elitist fantasy for which the common people are being required to pick up the check.
Aimforthehead

Downey, CA

#4 Jan 23, 2010
Big Crispy wrote:
Get over it. The investment from government is necessary to support the capital costs associated with entering this type of business. If Tesla executes to their plan, then the US will once again lead in this new electric automotive business. This is good for all US citizens in the long run.
<quoted text>
Tesla will fail the instant a major manufacturer enters the fray.

This is idiotic policy.
lbFamily

Long Beach, CA

#5 Jan 23, 2010
Isn't the Tesla HQ in Irvine? Why can't the HQ be in the city with the heavy industry? I say let the heavy industry go to Downey, we don't need more. After all, there is nothing preventing LB residents from going there to work then bringing thier paychecks home to LB.
Aimforthehead

Downey, CA

#6 Jan 23, 2010
lbFamily wrote:
Isn't the Tesla HQ in Irvine? Why can't the HQ be in the city with the heavy industry? I say let the heavy industry go to Downey, we don't need more. After all, there is nothing preventing LB residents from going there to work then bringing thier paychecks home to LB.
There is NO heavy industry. The chassis are built in England, other parts come from a number of places.

They're only assembled here.
Harold Dodson

Long Beach, CA

#7 Jan 23, 2010
I think we need more nail and massage parlors to kick start the economy and lead the world in robust growth in this new century.
Public Capital

Long Beach, CA

#8 Jan 23, 2010
If any business is a good investment, let private capital invest. We are bankrupt. We are bankrupting our children.
This is just the result of public officials giving away our tax money to their benefactors.
How many hockey games is one half billion dollars. Cheap hookers at that.
Aimforthehead

Downey, CA

#9 Jan 23, 2010
Harold Dodson wrote:
I think we need more nail and massage parlors to kick start the economy and lead the world in robust growth in this new century.
I'd like to see a surge in brass pole manufacturing...
DoubtingThomas

Long Beach, CA

#10 Jan 23, 2010
This could turn out to be another DeLorean style fiasco.
Aimforthehead

Downey, CA

#11 Jan 23, 2010
DoubtingThomas wrote:
This could turn out to be another DeLorean style fiasco.
I'M IN!

Make sure you check under the seats!
Rudy Butler

AOL

#12 Jan 23, 2010
downeyres

Bell, CA

#13 Jan 23, 2010
this isnt a grant, it's a low-interest LOAN.
i'd rather the government lend the money to companies that will produce a product , than it going to the servicing of unnecessary wars, which by the way are being fought ONLY to protect american oil interests in the middle east
Grants and Loans

Long Beach, CA

#14 Jan 24, 2010
I have a radical idea... give the money back to the people who earned it by producing goods and services.

It is not serving American interests to steal from producers (skim off half the money for the bureaucracy) and then give it to your political cronies.

Close down the bureaucracies. Give our money back!!
Dave

Torrance, CA

#16 Feb 17, 2010
Public Capital wrote:
If any business is a good investment, let private capital invest. We are bankrupt. We are bankrupting our children.
This is just the result of public officials giving away our tax money to their benefactors.
How many hockey games is one half billion dollars. Cheap hookers at that.
No one will ever pay this debt or more to the point everyone will always pay the debts of their predecessors, forever...Our childrens' childrens' children will be leaving debt for their childrens' childrens' children. Does it suck, you bet it does do those who make the profits care? Fuck no. Welcome to capitalism enjoy your stay.

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